Tag Archives: Nikkei

The United States and Japan have reached the broad framework of a trade agreement, with Washington maintaining tariffs on Japanese autos but Tokyo cutting tariffs on U.S. beef and pork, Japan’s Nikkei business daily said on Saturday. U.S. Trade Representative Robert Lighthizer and Economy Minister Toshimitsu Motegi reached the deal on Friday in Washington, and it will be announced at a meeting of President Donald Trump and Prime Minister Shinzo Abe expected on Sunday on the sidelines of the Group of Seven summit in Biarritz, France, the newspaper said. The report comes shortly after Motegi told reporters in Washington that he and Lighthizer had made “big progress” in their talks.

Shares in China, the other major Asian market open on Tuesday, also declined as investors shrugged off a pledge by the government to do more to support companies. Investors got mixed signals from Washington heading into the resumption of U.S. stock futures trading at 6 p.m. New York time. President Donald Trump said a partial U.S. government shutdown will continue until funding for a U.S.-Mexico border wall is secure.